FREEMAN CLOSES STRATEGIC PRIVATE PLACEMENT

Freeman Gold Corp. has successfully completed its previously announced non-brokered private placement financing, raising capital through the issuance of 55,000,000 units. The Vancouver-based gold exploration company characterized the financing as strategic, indicating the funds will support key operational initiatives.

The completion of this private placement represents an important milestone for Freeman Gold, providing the company with working capital to advance its gold exploration activities. Non-brokered private placements are often preferred by junior mining companies as they allow for direct engagement with strategic investors while minimizing dilution from broker fees and commissions.

This financing comes at a time when gold exploration companies are seeking to capitalize on favorable market conditions and investor interest in precious metals. The successful closure of the placement demonstrates investor confidence in Freeman Gold's prospects and management team's ability to execute on their exploration strategy.

With this capital injection, Freeman Gold is now better positioned to fund exploration programs, conduct drilling activities, and advance its gold projects. The strategic nature of the placement suggests the company has secured backing from investors aligned with its long-term vision and development plans.